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Under numerical fiscal rules, such as those underpinning EMU, governments have strong temptations to use accounting tricks to meet the fiscal constraints. Given these political incentives, fiscal variables that in the past were regarded as a mere residual acquire a strategic role. This is the...
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The current instruments in the EU to deal with debt and liquidity crises include among others the European Financial … solution, the European Monetary Fund. -- EU governance ; European Financial Stability Facility ; European Financial …
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governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of … and debt restructuring, EMF, project bonds and Eurobonds. -- EU governance ; European Council ; European Financial …
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